Goldman Sachs Updates Asia-Pacific Must-Buy List: AI Hardware and Semiconductors Heavily Favored

TechFlow reports, August 3rd, according to Jin10 Data, Goldman Sachs released its August 2026 APAC Conviction List. Five stocks were newly added this time: Hong Kong Exchange, Keyence, BYD, Samsung Electronics, and Shengyi Technology. In terms of expected gains, Goldman Sachs is clearly more bullish on AI hardware and semiconductors: the technology sector accounts for the highest proportion and has the strongest expected gains (60%~151%), all of which are core to the AI industry chain, suggesting Goldman Sachs defines this AI correction period as a good opportunity to add positions.

Among them, Nan Ya Printed Circuit (expected upside space +151%) and Shengyi Technology (upside space 134%) ranked top two in upside space on the list, mainly involving copper clad laminate for AI servers and PCB materials. BYD and Hong Kong Exchange respectively reflect confidence in global expansion and the return of capital to Hong Kong stocks.

Samsung Electronics, as a mega-cap stock with a market cap of 1.235 trillion USD, having an expected upside of 87% is extremely rare, especially at the end of July when other investment banks were significantly lowering Samsung's target price (Shinhan Securities lowered from 590,000 to 450,000, JPMorgan lowered from 480,000 to 400,000); Goldman Sachs instead further strengthened the long-term bullish attitude that "supply shortages may continue until 2028".